Regulatory Reporting Operations Specialist

About Clear Street:

Clear Street is modernizing the brokerage ecosystem. Founded in 2018, Clear Street is a diversified financial services firm replacing the legacy infrastructure used across capital markets. We started from scratch by building a completely cloud-native clearing and custody system designed for today’s complex, global market. Clear Street’s proprietary prime brokerage platform adds significant efficiency to the market, while focusing on minimizing risk, redundancy, and cost for clients. Our goal is to create a single source-of-truth platform for every asset class, in every country, and in any currency. By combining highly-skilled product and engineering talent with seasoned finance professionals, we’re building the essentials to compete in today’s fast-paced markets.

Clear Street’s mission is to become a single-source platform that serves a variety of investor types across multiple asset classes on a global scale. The Clear Street U.K. team is bringing Clear Street’s established equities, options, and fixed-income prime brokerage business to a new market.

The Role:

The Regulatory Reporting Specialist is responsible for the day-to-day management of all Clear Street UK Ltd non-financial regulatory reporting requirements. The Regulatory Operations team ensures CSUK remains compliant with a wide range of non-financial regulatory reporting obligations covering cross product/market and jurisdictional requirements. This role will interface with all front office business lines within the company and co-ordinate closely with Operations, Technology, Legal and Compliance. Core to the role is to establish best practice, robust, efficient and effective compliant regulatory reporting processes.

Responsibilities:

• Production and submission of all non-financial regulatory reporting including but not limited to commodity position reporting, MiFID transaction reporting, EMIR and SFTR.

• Completeness and accuracy controls tests of all submissions, including three-way reconciliation process

• Production and distribution of key management information and implementation of exception-based reporting

• Identify solutions to correct system issues, document requirements to high quality, perform tests to identify an accurate resolution

• Perform analysis to detect anomalies in the reporting data, investigate reporting issues and facilitate back reporting projects

• Advise on new business regulatory reporting requirements to facilitate commercial activity

• Complete UAT on new reporting set ups, inclusive of any new Clear Street entity

• Analyse internal client and external regulatory inquiries

• Maintain an up to date understand of relevant regulatory requirements and developments

• Work collaboratively across multiple business lines and stakeholder groups in strategic initiatives

Skills required:

• Bachelor's degree with experience in financial services.

• Experience with regulatory reporting and disclosures, in particular MiFID, EMIR, SFTR and other global non-financial regulatory reporting obligations

• Strong analytical skills with an ability to understand complex workflows paired with meticulous attention to detail

• Good experience of working with emergent technology to automate processing and quality assurance workflows

• Excellent communication skills to clearly articulate issues and ideas and provide timely escalation,

• Good interpersonal skills to build strong relationships with key stakeholders within Operations and Compliance

• Self-motivated and proactive team player

• Practical experience of writing business requirements, identifying solutions and defining and executing test cases

• Working knowledge of financial markets, regulatory landscape and associated processes, including the lifecycle of a trade

• Flexible and able to work well under pressure in a team environment.

• Working knowledge of financial products across securities, exchange traded derivatives and OTC Derivatives across Equity, Credit, Interest Rates, FX and Commodities.

• Understanding of Margin and Valuation processes and regulatory reporting requirements

• Experience participating in discussions and influencing outcomes in industry groups

We Offer:

At Clear Street, we offer competitive compensation packages, company equity, pension, gender neutral parental leave, and full medical and dental insurance. Our belief has always been that we are better as a business when we are all together in person. As such, we are requiring employees to be in the office a minimum of three days per week.

Our top priority is our people. We’re continuously investing in a culture that promotes collaboration. We help each other through challenges and celebrate each other's successes. We believe that modern workplaces succeed by virtue of having high-performance workforces that are diverse — in ideas, in cultures, and in experiences. We put in the effort to make such a workplace a daily reality and are proud to be an equal opportunity employer.